Thursday, December 2, 2010
Share market updates : Nifty support levels
The NSE Nifty is expected to show a strong start around 6000 mark due to the buoyancy in global markets and tend to move towards the Resistance at 6018. The next round of up move may gain momentum if it can sustain above this level, wherein the benchmark can possibly Target the Major Resistance at 6040. Intra-day bullishness will continue as long as Nifty trades above the Critical level of 5988. However below this, the market is expected to take Support at 5962 while a break below this can push it towards the Major Support at 5932.
Posted by Morgan at 12:12 PM